XML 72 R46.htm IDEA: XBRL DOCUMENT
v3.22.4

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Net deferred tax assets and liabilities [abstract] |
Schedule of Provision for Income Taxes | The provision for income taxes differs from that which would be expected by applying statutory Canadian income tax rates. A reconciliation of the difference for the years ended December 31, is as follows:
|  | 2022 |  |  | 2021 |
Loss before income taxes |  | $ | (14,143 | ) |  | $ | (182,782 | )
Federal and provincial statutory rates |  |  | 24 | % |  |  | 24 | %
Tax at statutory rates |  | $ | (3,394 | ) |  | $ | (43,868 | )
Adjusted for the effect of: |  |  |  |  |  |  |  |
Non-deductible expenses |  |  | 1,146 |  |  |  | 1,162 |
Non-taxable capital gains |  |  | (379 | ) |  |  | (257 | )
Impact of foreign tax rates |  |  | (2,559 | ) |  |  | (1,474 | )
Withholding taxes |  |  | 1,026 |  |  |  | 937 |
Taxes related to prior years |  |  | 1,718 |  |  |  | (1,467 | )
Tax assets not recognized |  |  | 22,592 |  |  |  | 37,924 |
Other |  |  | — |  |  |  | 1,647 |
Income tax expense (recovery) |  | $ | 20,150 |  |  | $ | (5,396 | )
Summary of Net Deferred Tax Liability | The net deferred tax liability is comprised of the tax effect of the following temporary differences:
|  | 2022 |  |  | 2021 |
Deferred tax liability: |  |  |  |  |  |  |  |
Property, plant and equipment and intangibles |  | $ | 364,278 |  |  | $ | 359,383 |
Debt issue costs |  |  | 1,303 |  |  |  | 1,457 |
Partnership deferrals |  |  | 21,768 |  |  |  | 11,082 |
Other |  |  | 6,284 |  |  |  | 6,221 |
|  |  | 393,633 |  |  |  | 378,143 |
Offsetting of assets and liabilities |  |  | (364,687 | ) |  |  | (365,924 | )
|  | $ | 28,946 |  |  | $ | 12,219 |
Deferred tax assets: |  |  |  |  |  |  |  |
Losses (expire from time to time up to 204 2 ) |  | $ | 318,967 |  |  | $ | 340,406 |
Long-term incentive plan |  |  | 36,542 |  |  |  | 14,264 |
Other |  |  | 9,633 |  |  |  | 12,121 |
|  |  | 365,142 |  |  |  | 366,791 |
Offsetting of assets and liabilities |  |  | (364,687 | ) |  |  | (365,924 | )
|  | $ | 455 |  |  | $ | 867 |
Summary of Movement in Temporary Differences of Deferred Tax Liabilities |
|  | Property, Plant and Equipment and Intangibles |  |  | Partnership Deferrals |  |  | Other Deferred Tax Liabilities |  |  | Losses |  |  | Debt Issue Costs |  |  | Long-Term Incentive Plan |  |  | Other Deferred Tax Assets |  |  | Net Deferred Tax Liability |
Balance, December 31, 2020 |  | $ | 393,631 |  |  | $ | 2,532 |  |  | $ | 6,322 |  |  | $ | (370,439 | ) |  | $ | 2,665 |  |  | $ | (4,956 | ) |  | $ | (9,617 | ) |  | $ | 20,138 |
Recognized in net earnings (loss) |  |  | (32,562 | ) |  |  | 8,550 |  |  |  | (99 | ) |  |  | 28,528 |  |  |  | (1,208 | ) |  |  | (9,291 | ) |  |  | (2,517 | ) |  |  | (8,599 | )
Foreign exchange |  |  | (1,686 | ) |  |  | — |  |  |  | (2 | ) |  |  | 1,505 |  |  |  | — |  |  |  | (17 | ) |  |  | 13 |  |  |  | (187 | )
Balance, December 31, 2021 |  | $ | 359,383 |  |  | $ | 11,082 |  |  | $ | 6,221 |  |  | $ | (340,406 | ) |  | $ | 1,457 |  |  | $ | (14,264 | ) |  | $ | (12,121 | ) |  | $ | 11,352 |
Recognized in net earnings (loss) |  |  | (10,047 | ) |  |  | 10,686 |  |  |  | 51 |  |  |  | 33,827 |  |  |  | (154 | ) |  |  | (21,583 | ) |  |  | 3,008 |  |  |  | 15,788 |
Foreign exchange |  |  | 14,942 |  |  |  | — |  |  |  | 12 |  |  |  | (12,388 | ) |  |  | — |  |  |  | (695 | ) |  |  | (520 | ) |  |  | 1,351 |
Balance, December 31, 2022 |  | $ | 364,278 |  |  | $ | 21,768 |  |  | $ | 6,284 |  |  | $ | (318,967 | ) |  | $ | 1,303 |  |  | $ | (36,542 | ) |  | $ | (9,633 | ) |  | $ | 28,491 |
Summary of Deferred Tax Asset Not Recognized | Accordingly, the Corporation has not recognized a deferred tax asset for the following items:
|  | 2022 |  |  | 2021 |
Tax losses (Capital) |  | $ | 29,255 |  |  | $ | 29,363 |
Tax losses (Income) |  |  | 134,588 |  |  |  | 96,671 |
Deductible temporary differences |  |  | 5,224 |  |  |  | 4,153 |
Total |  | $ | 169,067 |  |  | $ | 130,187 |

X
- Definition The disclosure of types of temporary differences, unused tax losses and unused tax credits. [Refer: Unused tax credits [member]; Unused tax losses [member]; Temporary differences [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2022-03-24 -Paragraph 81 -Subparagraph g -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=12&code=ifrs-tx-2022-en-r&anchor=para_81_g&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_NetDeferredTaxAssetsAndLiabilitiesAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of net deferred tax liability explanatory. + References No definition available. + Details
Name: | pds_DisclosureOfNetDeferredTaxLiabilityExplanatory
Namespace Prefix: | pds_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of net deferred tax liability movement in temporary explanatory. + References No definition available. + Details
Name: | pds_DisclosureOfNetDeferredTaxLiabilityMovementInTemporaryExplanatory
Namespace Prefix: | pds_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of provision for income taxes. + References No definition available. + Details
Name: | pds_DisclosureOfProvisionForIncomeTaxesExplanatory
Namespace Prefix: | pds_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration